62 Adloff Ln Springfield, IL 62703
- Commercial real estate
- 1.41 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 62 Adloff Ln
- Lot size
- 1.41 lot acres
- Property type
- Commercial real estate
- APN
- 22.12.0-301.003
Description
This exceptional 1.41-acre commercial land parcel in Springfield, Illinois, presents a unique investment opportunity. Located at 62 Adloff Lane, Lot 3, this property is zoned R-5B and boasts 777 feet of street frontage. Currently part of a larger parcel undergoing subdivision into three separate lots, this land offers significant potential for development. The property's tax index number is 22.12.0-301.003, and the 2018 real estate taxes totaled $2,667.42. While previously part of a larger parcel including improved and vacant lots, this specific offering (Lot 3) is a vacant 1.41-acre tract. Note that the subdivision process is underway. The asking price for this prime Springfield commercial land is $75,000. This represents a compelling opportunity to acquire a sizable parcel in a desirable location with significant development potential. Further details regarding the subdivision process and associated documentation are available upon request. The property's location provides excellent access to Springfield's infrastructure and amenities. This is a rare opportunity to acquire a substantial commercial land parcel in a thriving Illinois market. Don't miss out on this chance to secure a valuable asset with significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Sangamon
- State
- Illinois
- Longitude
- -89.6115713
- Latitude
- 39.7621324
